RE:Contact Management, Facility & Reserves Potential, ArticlesContacting management is always recommended, definitely with smaller companies. Great oil reserves coming after all workovers done, large potential. Neighbor oil company has a big oil field. Also let us not forget the potential acquisition value in the Provost area https://boereport.com/2021/03/25/tamarack-valley-energy-ltd-announces-closing-of-previously-announced-strategic-clearwater-and-waterflood-asset-acquisitions-and-68-million-equity-financing/
Dragoon wrote: I advice all interested investors to contact management. This is always beneficial in investing and definitely in smaller companies like Wescan.
Also note that they have a facility, which isn't clear in the balance sheet, that can handle more fluids when it is upgraded, creating low costs of oil processing. You can ask how much fluids/oil it can process and what the potential is if you want.
Moreover, the oil reserves will be higher when more workovers are done, many wells weren't part of the last report because many workovers were in development.
In the meantime I have my fingers crossed for some bigger developments than the smaller, but important, workovers. Definitely now that oil prices are staying relatively higher than when the assets were acquired in 2015 and beginning Covid crisis. https://tradingeconomics.com/commodity/crude-oil
Some interesting articles on oil development and oil reserves going down:
https://www.reuters.com/markets/commodities/oil-extends-gains-easing-omicron-fears-iran-delay-2021-12-07/
https://oilprice.com/Latest-Energy-News/World-News/Halliburton-Global-Oil-Scarcity-Is-On-The-Horizon.html
The best of luck to everyone!